Item - 2019.RZ2.2

RZ2.2 - 2018 Audited Financial Results Report

Decision Type:
ACTION
Status:
Without Recs

Confidential Attachment - Financial information supplied in confidence to the Board of Directors to TO Live, which if disclosed, could reasonably be expected to prejudice significantly the competitive position of interfere significantly with the contractual or other negotiations of a person, group of persons or organization

Committee Decision

The Audit Committee forwards the item to the Board of Directors of TO Live without recommendation.

Decision Advice and Other Information

The Audit Committee recessed its public meeting to meet in closed session to consider the item as it pertains to financial information supplied in confidence to the Board of Directors to TO Live, which if disclosed, could reasonably be expected to prejudice significantly the competitive position of interfere significantly with the contractual or other negotiations of a person, group of persons or organization.

Origin

(May 27, 2019) Report from the President and Chief Executive Officer, TO Live

Summary

The purpose of this report is to present to the Board the 2018 audited financial results for The Board of Directors of the Hummingbird Centre for the Performing Arts (operating as TO Live).

Background Information

(May 27, 2019) Report from the President and Chief Executive Officer on 2018 Audited Financial Results Report
https://www.toronto.ca/legdocs/mmis/2019/rz/bgrd/backgroundfile-133609.pdf
Confidential Attachment 1 - 2018 Audited Financial Results - Civic Theatres Toronto

Motions

1 - Motion to Meet in Closed Session moved by Paul Bernards (Carried)

1:44 p.m. - That the Audit Committee recess its public meeting to meet in closed session to consider Item RZ2.2 as it pertains to financial information supplied in confidence to the Board of Directors of TO Live, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.


2 - Motion to forward item Without Recommendations moved by Paul Bernards (Carried)

That the item be forwarded to the Board of Directors of TO Live without recommendation.

Source: Toronto City Clerk at www.toronto.ca/council